document.write( "Question 1139085: John wins $700,000 (after taxes) in the lottery and decides to invest half of it in a 5-year CD that pays 5.24% interest compounded quarterly. He invests the other half in a money market fund that unfortunately turns out to average only 2.5% interest compounded annually over the 5-year period. How much money will he have altogether in the two accounts at the end of the 5-year period? \n" ); document.write( "
Algebra.Com's Answer #756873 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "------------------------------- \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$1,171,337.38 in both accounts after 5 yrs\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |